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Fed sees price will increase in 2018 however lacks consensus on frequency

WASHINGTON — The Federal Reserve has entered 2018 with out a clear plan for elevating its benchmark rate of interest and with the added uncertainty of an imminent change in its management.

An account of the Fed’s last assembly of 2017, which the central financial institution printed Wednesday, mentioned that officers usually agreed that the Fed ought to proceed to lift its benchmark rate of interest within the new yr. However the frequency of future hikes stays a query, with a variety of views amongst officers.

Six of the 12 officers on the Federal Open Market Committee predicted in December that the Fed would increase charges 3 times this yr. However three others predicted a pair of hikes, and three anticipated 4 will increase.

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